This report provides readers with a comprehensive analysis of the Armored Vehicles and MRO market through 2015-2025, including highlights of the demand drivers and growth stimulators for Armored Vehicles and MRO. It also provides an insight on the spending pattern and modernization pattern in different regions around the world.

Key Findings

The global armored vehicles and related MRO market valued US$22.1 billion in 2015, and will increase at a CAGR of 3.97% during the forecast period, to reach US$32.6 billion by 2025. The market consists of six categories: APCs, LMVs, IFVs, MRAPs, MBTs, Tactical Trucks and related MRO.

- Gain insight into the Armored Vehicles and MRO market with current and forecast market values.

- Understand the key drivers and attractiveness parameters of the global Armored Vehicles and MRO market.

- Understand the various factors impacting the growth of the Armored Vehicles and MRO market.

Table Of Contents

The Global Armored Vehicles and MRO Market 2015-2025 - Market Size and Drivers: Market ProfileTable of Contents1 Introduction1.1 What is this Report About?1.2 Definitions1.3 Summary Methodology1.4 About Strategic Defence Intelligence2 Global Armored vehicles and MRO Market Size and Drivers2.1 Armored vehicles and MRO Market Size and Forecast 2015-20252.1.1 Global armored vehicles and MRO market expected to increase during the forecast period2.2 Global Armored vehicles and MRO Market - Regional Analysis2.2.1 Asia Pacific is expected to lead the global armored vehicles and MRO market2.2.2 Asia Pacific to be the largest market for armored vehicles and MRO services2.2.3 New programs in armored vehicles in the US to support the global armored vehicles and related MRO market2.2.4 Armored vehicles and MRO market to be robust in Europe despite budgetary pressures2.2.5 Saudi Arabia and UAE expected to lead the armored vehicles and related MRO market in the Middle East2.2.6 Brazil to lead the armored vehicles and MRO sector in the Latin American region2.2.7 Demand for armored vehicles and MRO services in Africa is expected to reach US$932 million by 20252.3 Armored vehicles and MRO Sub-Sector Market Size Composition2.3.1 IFVs to account for the highest share of the global armored vehicles and MRO market2.3.2 Market size of MBTs expected to grow at a CAGR of 3.04% during forecast period2.3.3 Armored Personnel Carriers market to experience a marginal increase2.3.4 MRAPs to account for fifth largest share during the forecast period2.3.5 Expenditure on LMVs to grow at a CAGR of 7.71% over the forecast period2.3.6 Expenditure on tactical trucks anticipated to account for 7% of the global market of armored vehicles2.4 Demand Drivers and Growth Stimulators2.4.1 Increasing costs and survivability issues result in demand for unmanned armored vehicles2.4.2 Rise in asymmetric warfare driving the growth and innovation in the sector2.4.3 International peacekeeping missions expected to propel demand for armored vehicles and related MRO services2.4.4 Modernization initiatives will drive the demand for armored vehicles and related MRO services2.4.5 Internal and external security threats fuel the global demand for armored vehicles and related MRO services2.5 Defense Budget Spending Review2.5.1 Asian defense budgets expected to increase at a robust pace2.5.2 North American defense expenditure projected to increase marginally during the forecast period2.5.3 European capital expenditure expected to increase during the forecast period2.5.4 Modernization programs likely to drive defense expenditure in South American countries2.5.5 Military budgets of African countries expected to increase during the forecast period2.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period2.6 Defense Modernization Review2.6.1 Financial constraints causing delays in European defense modernization programs2.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions2.6.3 Global economic slowdown leading to defense budget cuts in the North American region2.6.4 Need to replace aging equipment driving South American defense expenditure2.6.5 Security threats increasing the defense budget of African countries2.6.6 Demand for armored vehicles is likely to increase in the Middle East3 Appendix3.1 Methodology3.2 About SDI3.3 Disclaimer

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